What is up prospector nation?!?! We are back with a new weekly opinion piece, this time looking at paid subscription sports card investing advisors, and whether the monthly fees are even worth paying.
Many investors in the market today have subscribed to such services, getting weekly reports concerning trending cards and players and which cards and players that the services recommend investing in. Full disclosure, we are a member of such a service, and we’re considering if the $10 a month we are shelling out could be better spent on ad spend, and here’s why.
It is not a mystery why sports card values increase – a player or a team does exceptionally well, and boom – values go up. You have rookie cards of players that scored 40 points in last nights game? You probably just doubled your value in those cards – so why does it take someone to tell you that? It’s common sense, right? Just like the stock market, a trading cards value will increase or decrease based on performance, just like a company stock price will increase or decrease based on earnings. The great thing about trading cards is all you have to do is watch the game or catch the highlights – or jump on Twitter or Instagram to catch the buzz everyone is talking about!
Case in point – Tyler Herro scored a career high 37 points in game 4 of the 2020 NBA Eastern Conference finals against the Boston Celtics – that night social media was buzzing with Tyler Herro cards for sale, and the trend continued into the rest of the week. Did you need a paid sports card advisor to tell you that Tyler Herro cards would be hot following his performance? Probably not.
Investing in sports cards is more about common sense than anything else, but just like the stock market, predicting which card to invest in is hard. So where do sports card investing advisor services really come in to play and actually benefit the subscriber? Well, historical data, player research, stats comparisons – if your advisor service isn’t providing all of these types of data with their weekly reports, then you’re paying too much – I can hand out my opinion all day long and it doesn’t mean squat if there isn’t data to back it up!
The thing we have found beneficial to the service we subscribe to is that they don’t just repeat what everyone on social media is already talking about. Their weekly reports are full of historical sales data which backs up why they think certain cards will increase or decrease in value and why they are selling or buying specific cards.
Just like a good market advisor for your stock portfolio, a good sports card advisor provides the information you need to make an educated decision on which cards to invest in, and frankly, this is the only circumstance in which we would be confident in recommending such a service. You are paying them to do the heavy lifting, the research, the analysis, the tracking of historical sales data – all the stuff you either don’t have the time to do, or are uninterested in doing. If your current sports card advisor service isn’t providing you these types of services, then you are wasting your money and the subscription is definitely NOT worth it! Our suggestion to you – cancel your subscription and find a better service.
In the end, it is my opinion that some of the sports card investing advisor services on the market today are worth subscribing too, but I think a lot of people jumped on the bandwagon and are offering services that are lackluster in both content and performance. If you are looking for a reliable and trustworthy service, I personally suggest that you take a look at Geoff Wilson’s site, Sports Card Investor at https://www.sportscardinvestor.com – full disclosure, we have absolutely no affiliation with Geoff or Sports Card Investor, I was not paid to recommend their service, nor are we part of any affiliate program earning any sort of commission from them should you decide to join – we simply like their level of service!
*Disclaimer: Investing in trading cards, comic books, memorabilia, and any other item involves substantial risk of loss and is not suitable for everyone. Cardboard Prospector does not provide financial advice, and none of our articles or opinions should be construed as financial or investment advice. We do not guarantee results from your decision making based on our opinions and content. You should always conduct your own research and due diligence prior to making any investment.